Pakistan's Federal Board of Revenue has issued a release on the operation of certain measures of the Finance Act 2020, including new taxpayer profile requirements and agreed assessment procedures. --- TAXPAYER'S PROFILE Complexity of return forms is an embodiment of the complexity of tax law. Nevertheless, there is a dire need to simplify return forms without compromising on data required to verify accuracy of the declared version. Instead of endeavouring to obtain all the relevant information in the income tax return, a new section has been added wherein taxpayers profile may be prescribed in order to capture data relevant to...